KDB sees Daewoo Ship sale by end-2008, eyes M&A
SEOUL, July 24 (Reuters) - The chief of Korea Development Bank (KDB) said on Thursday the state-run bank would resume the sale process for Daewoo Shipbuilding and Marine Engineering (042660.KS: Quote, Profile, Research, Stock Buzz) in August, possibly wrapping up a deal by end-2008.
KDB Governor Min Euoo-sung also said the bank was considering buyout deals in overseas markets in the area of investment banking or asset management.
"The next one or two years present a very good opportunity (for M&A)," Min told a news conference. (Reporting by Lee Eun-yul, writing by Rhee So-eui; Editing by Keiron Henderson)
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